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LC for 30,60,90,or 120 days is called Usanse LC

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13y ago

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What is a usanse?

United States of America National Stock Exchange


What is the meaning of LC payment?

Letter of Credit payment


Can you discounting a lc non transferable?

Discounting is a term used for the actual drawing/negotiation that takes place under an Lc (Letter of Credit). The credit conform (accepted) documents/draft are due for deferred payment and the presentor does not want to wait for its funds till maturity date. Whether the LC is transferable or not is of no importance here. The LC itself should be 'discountable' (it is safer to have this in special instructions of the LC terms). The discounting then depends on the parties concerned, and the price for discounting (discounting rate/Libor/Airbor+spread) and the willingness of the bank that should discount. Discount can be performed with or without recourse.


What is LC at Site?

LC at Site typically refers to "Letter of Credit at Site," a financial instrument used in international trade. It ensures that payment is made to the seller upon presentation of specific documents at a designated location. This mechanism provides security for both buyers and sellers by guaranteeing that the funds are released only when contractual conditions are met. It is commonly utilized in transactions involving construction projects or large shipments.


What is non operative LC?

Non-operative LC (Laparoscopic Cholecystectomy) refers to the management of gallbladder conditions without surgical intervention. This approach may include dietary modifications, medication to manage symptoms, or observation for asymptomatic gallstones. Non-operative strategies are typically employed when surgery poses higher risks or when patients prefer to avoid surgery. However, definitive treatment often involves surgical removal of the gallbladder when symptoms become problematic.